Thread: Life Retirement Thread
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Old 11-04-2024, 06:19 PM   #287
2bikemike 2bikemike is offline
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Join Date: Sep 2002
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Quote:
Originally Posted by TinyEvel View Post
From what I understand they can only tax the GAINS in an IRA since you contribute to it with after tax money.
A Roth is pre tax dollars. So there is no tax on withdrawals. Your money grows tax free. A traditional IRA is pre tax dollars so every withdrawal is taxed.
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